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    Ghana’s inflation rate rises again; hits 31.7% in July 2022

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    Farmerline begins ‘Support a Farmer’ initiative to provide fertilizer to farmers

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    GEXIM CEO is one of Ghana’s 100 most influential business leaders

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    Appolonia City unveils its first commercial building; Adumuah Place

    Dr. Ampabeng advocates consolidation of road taxes into fiscal policy

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    Ghana’s inflation rate rises again; hits 31.7% in July 2022

    Fitch downgrades Ghana’s credit rating from B- to CCC

    Ghana Mines Workers’ Union threatens industrial action

    Farmerline begins ‘Support a Farmer’ initiative to provide fertilizer to farmers

    Ghana likely to secure US$3 billion from IMF for economic support

    Tax incentive for young entrepreneurs-opportunities and challenges

    GEXIM CEO is one of Ghana’s 100 most influential business leaders

    USAID Feed the Future Program provides funding to Agrihouse Foundation’s 1H1G Initiative

    Government disappointed by Standard & Poor’s downgrade rating

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    GEXIM CEO is one of Ghana’s 100 most influential business leaders

    Zenith Bank Ghana wins premium quality West African banking brand of the year 2021

    GIPC and GSE sign MoU to attract more investment into Ghana

    Appolonia City unveils its first commercial building; Adumuah Place

    Dr. Ampabeng advocates consolidation of road taxes into fiscal policy

    WAPCo commits to cleaner and reliable energy

    Government eyeing GH¢750m with new E-VAT policy

    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

    National AfCFTA Policy Framework and Action Plan launched to boost trade

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    We’re ready to re-engage gov’t on acquisition of Vodafone shares – Telecel

    New deadline for SIM re-registration too short – MoMo agents association

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    Vodafone agrees sell stake in Ghana’s business to Telecel

    Telecoms Chamber and IIPGH advocate sustained coding education

    IIPGH to enter coding education partnership with Telecoms Chamber

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    Financial transactions will be allowed even without Ghana card from 1st July – GAB assures

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    Agribusiness entrepreneurs must take advantage of AfCFTA – ADB MD.

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    African countries that could follow Sri Lanka into economic chaos

    Africa’s internet economy to cross $180 billion by 2025: Report

    Regional economic cooperation needed to enhance Africa’s competitiveness – Bawumia

    Ivory Coast is set to receive $26.1 billion worth of development finance from 4 lenders, the EU and France

    Gulf central banks, Bank of England raise policy rates after Fed hike

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IPPs demand full scale investigations into cause of power outage

byNerteley Nettey
March 9, 2021
in Local Economy, News, Top Stories
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The Chamber of Independent Power Producers, Distributors and Bulk Consumers (CIPDiB) is demanding a full-scale investigation into challenges in GRIDCo’s power system that led to a total system total power outage nationwide on Sunday, March 7, 2021.

According to the Chamber, it expects that the grid managers will investigate the cause of the power failure, how the grid was restored and make public the findings as well as appropriate measures to forestall future occurrences.

Speaking to Citi Business News, Chief Executive of the Chamber, Elikplim Apetorgbor, noted that as IPPs, they are concerned about the reliability, security and integrity of the grid as it is very sensitive to the safety of the nation’s facilities.

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“GRIDCo’s role in the electricity value chain is a sensitive one. We have every reason to be worried, so we expect a thorough technical investigation and evaluation to ascertain the cause of the blackout or the grid failure that we experienced. And the findings should be made public as well as appropriate measures taken to forestall future occurrences,” he said.

Already, GRIDCo had noted that the power outage was due to a technical fault on one of the major transmission lines between Prestea and Obuasi.

It also said that restoration works by the Technical team began immediately and power supply was restored to all Bulk Supply Points (BSP) at 6:30 pm that same day, Sunday.

Lack of dynamism from GRIDCo contributed to power cuts – Mutawakilu

Already, former Ranking Member on Parliament’s select committee on Mines and Energy, Adam Mutawakilu, has noted that GRIDCo’s inability to adjust its system in response to power supply challenges in the Western Region led to the mass power cuts yesterday.

Speaking to Citi Business News, Mr. Mutawakilu highlighted the need for a dynamic system to effectively respond to such challenges, as well as the need for a constant supply of fuel to emergency plants to enable them supply power in times of such challenges.

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